I own a property
Whether you bought your commercial property last month or last decade, it's never too late to purchase title insurance. Ask your lawyer or notary about securing an FCT Owner’s Policy. Coverage includes but is not limited to losses related from survey and municipal issues, fraud which may have occurred prior to or when you purchased the property, compliance with zoning by-laws and previous non-compliance with certain reciprocal agreements. The amount of insurance is equal to your equity in the property and policies are back dated to the original date of acquisition (certain exemptions may apply). What’s more, if your ownership is ever challenged as a result of a covered risk, simply leave the defense to us – along with the associated costs. Our duty to defend coverage is unlimited as it has no maximum dollar amount and does not reduce the amount of insurance.
If you are planning to refinance your property, your lender may require that a commercial Loan Policy be obtained to protect its interest. Your lawyer or notary will receive instructions from the financial institution and will make arrangements for the lender's policy. This policy is typically paid for by you, the borrower. Save substantially by purchasing both an Owner Policy and a Loan Policy during the same transaction.